Here is a list of popular cryptocurrencies to mine. Or traded with a crypto broker or trading app.
Although it has become very difficult to mine Bitcoin, the recent surge in the price of the cryptocurrency has made it particularly attractive for miners who wish to pool their computing resources. Bitcoin is based on the Proof of Work (PoW) protocol. This means that you must solve mathematical equations as quickly as possible in exchange for a bonus. Due to the halving of the network bounty, miners currently receive 6.25 BTC for each hash.
To operate bitcoin profit, you need a mining rig called an application-specific integrated circuit (ASIC). They are devices specially designed to solve complex cryptographic equations.
2. Zash (ZEC)
Founded in 2016, Zcash is an anonymous cryptocurrency mined using graphics cards. The coin supply is limited to 21 million. The platform is based on the Equihash hashing algorithm, which uses a PoW protocol. Zcash mining requires a large amount of RAM, while the bounty for one block is 3,125 ZEC tokens.
3. Litecoin (LTC)
One of the best currencies to mine in 2022 is Litecoin. Litecoin is a so-called hard fork of the Bitcoin blockchain. This is why the mining requirements for Litecoin are virtually identical. Litecoin is one of the most popular cryptocurrencies based on the Scrypt PoW protocol. You need GPU power to mine LTC tokens. The current bounty is 12.5 LTC, or just over $2,000 at the time of writing.
4. Ethereum (ETH)
Ethereum is the second most popular digital currency whose network enables the development and execution of smart contracts. It is one of the most practical blockchain projects when it comes to its real-world applications. It is also used in the DeFi movement with initial coin offerings (ICOs). It is based on the Ethash PoW algorithm and its coin supply is not limited. The current mining bounty on the Ethereum blockchain is 2 ETH.
5. Monero (XMR)
Monero is a privacy-focused cryptocurrency that offers its users complete anonymity. The coin was launched in 2014 and uses the RandomX PoW algorithm, which constantly changes to prevent ASIC mining. Mined with CPUs (processors), Monero offers a bounty of 1.65 XMR.
6. Dash (DASH)
Founded in 2014, Dash is one of the top thirty cryptocurrencies by market capitalization. A hard fork of the Litecoin blockchain, Dash will be used to facilitate secure international financial transactions through Swift. The hash function is based on the PoW X11 algorithm and the reward is approximately 2.88 dash tokens.
7. Ethereum Classic (ETC)
After the DAO attack on the ETH blockchain in 2016, some loyal Ethereum supporters rebelled against the hard fork and renamed the original network Ethereum Classic. The mining bounty is reduced every 5 million blocks. The current premium is around 3.2 ETC.
8. Bitcoin Gold (BTG)
Bitcoin Gold is another hard fork of Bitcoin and was launched in 2017. In order to democratize the mining process, the blockchain project switched the PoW protocol to Equihash, so that no special mining equipment could be used. The blockchain is based on GPU mining with a bounty of 12.5 BTG per hash.
9. Grin (GRIN)
If you are looking for an easy to mine cryptocurrency, you can make the best choice with Grin. For mining, you need a conventional graphics card such as NVidia’s GTX or an AMD graphics card. The blockchain uses the MimbleWimble PoW algorithm with a reward of 60 GRIN per hash.
10. Dogecoin (DOGE)
What started as a meme has become one of the most popular cryptocurrencies today. Dogecoin is based on the Scrypt PoW protocol. In order to be able to mine the coin, you need a processor or graphics card (CPU or GPU). For every hash you solve, you will be rewarded with 10,000 DOGE tokens.
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The best cryptocurrencies to mine in 2022 | icilome
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